Compensation

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jan 30, 2009 9:04 am

Looking for types of FA compensation models that are common in the industry. The investment office does business through LPL and is owned by a community bank.  All expenses - admin, compensation, building, flow through the Bank.  Are most FAs compensated with a base salary plus a percent of commissions or straight salary or straight commission as a percentage of gross commisions?  What percentages?

Jan 30, 2009 9:10 am

Most non-bank advisors are straight commission.  Many bank/credit union advisors havea  salary + bonus arrangement or commission arrangement.  The % is all over the board depending on what channel.  Are you curious on one particular channel?  Indy/wire/bank

Jun 2, 2009 2:35 pm

B24 - i am most interested in the Bank channel.

Jun 2, 2009 2:39 pm

Still pondering after 5+ months?

 
Bank will be salary + bonus.  Depending on where you live, $35-$50k salary, plus % of product commission.  Each bank different.
Jun 2, 2009 2:44 pm

The larger banks are commission only. You may get a salary for a year or so that is extremely low and will only come into play in the months that your commissions don't exceed that amount. If you can get 30% or more at a bank/credit union in a good area with teller transactions exceeding 15k/month you are gold.